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Daily Digest 9/13 - Austria tests new waters by marketing 100-year bond, Harvey, Irma deliver one-two punch

Wednesday, September 13, 2017, 10:51 AM

Economy

U.N. rights boss sees possible "crimes against humanity" in Venezuela

“My investigation suggests the possibility that crimes against humanity may have been committed, which can only be confirmed by a subsequent criminal investigation,” Zeid Ra‘ad al Hussein told the U.N. Human Rights Council.

Comptroller to prioritize backlogged bills with highest interest rates (Illinois)

Gov. Bruce Rauner announced last week that the state will borrow $6 billion to pay off some of its $15 billion backlog of bills, and the Illinois comptroller’s office says it will prioritize payments to individual medical vendors that are owed, in some cases, hundreds of thousands of dollars each.

Harvey, Irma deliver one-two punch to battered flood insurance program

The insurance program, which is part of FEMA, provides the only protection against flooding that most homeowners and businesses can get. Private policies typically only cover the wind damage in a hurricane, not flood damage. But after a series of floods caused by major storms in recent years, including Hurricane Katrina in 2005 and Sandy in 2012, the program is roughly $25 billion in debt.

Hurricanes Harvey and Irma may have caused up to $200 billion in damage, comparable to Katrina

Hurricanes Harvey and Irma caused between $150 billion and $200 billion in damage to Texas and Florida, comparable to the costs from Hurricane Katrina in New Orleans in 2005, a according to a preliminary estimate from Moody's Analytics on Monday.

UK cost-of-living crisis grows as dearer imports push inflation to 2.9%

The squeeze on Britain’s living standards worsened last month after the increased cost of importing fuel, clothes and food pushed inflation back up to 2.9%, from 2.6% in July.

Austria tests new waters by marketing 100-year bond

Those 30-year bonds were yielding 1.52 percent on Tuesday morning, according to Tradeweb, suggesting a yield of between 2.07 and 2.12 percent on the century bonds.

Americans' Borrowing Hits Another Record. Time To Worry?

Americans owe more than ever before, with household debt hitting a record of nearly $13 trillion. And auto loans, home loans, and credit card debt are all still on the rise, according to the Federal Reserve Bank of New York. That has some economists saying the lessons of the bubble of borrowing in the run-up to the Great Recession have already been forgotten.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/12/17

Provided daily by the Peak Prosperity Gold & Silver Group

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1 Comment

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4010
US state pension liabilities hit $1.3 trln in FY 2016-Moody's

US state pension liabilities hit $1.3 trln in FY 2016-Moody's

Reuters-17 hours ago
CHICAGO, Sept 13 (Reuters) - U.S. state unfunded pension liabilities hit $1.3 trillion in fiscal 2016, a $56 billion or 4.5 percent increase over the previous fiscal ...

Missouri's public pension system facing funding crisis, treasurer says

Columbia Missourian-20 hours ago

Schmitt said there is a significant funding deficit in the public pension systems that, if not addressed, could cripple funding for schools, roads and other public ..

Kalter: Bay State health care costs climb

Boston Herald-8 hours ago
Costs for health care per man, woman and child in Massachusetts last year grew to $8,663 a year — and although the rise of costs appears to be slowing, ...

Brownsville teachers protest proposal to increase health insurance ...

KGBT-TV-11 hours ago
Teachers protested a proposal to increase health insurance premiums Monday, forming a small crowd at the Brownsville Independent School District ...

 

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